Baron Funds, an investment management company, released its “Baron Emerging Markets Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 10.89% (Institutional Shares) in the third quarter compared to a 10.64% return for the MSCI Emerging Markets Index (the Benchmark) and a 11.48% return for the MSCI Emerging Markets IMI Growth Index (the Proxy Benchmark). YTD, the fund returned 31.79% compared to 27.53% and 28.19% for the indexes. The firm was satisfied w ...

Core Insights - Netflix's third-quarter performance was impacted by a $619 million expense related to a Brazilian tax dispute, despite achieving record revenue driven by popular content [1][3] - The company reported a 17.2% increase in revenue, reaching $11.5 billion, aligning with analyst expectations [1] - Netflix's operating income rose 7.7% year-over-year to $2.55 billion, but fell short of analyst estimates [3] Revenue and Growth - The ad tier emerged as a significant growth area, with Netflix reporting its best ad sales quarter ever and doubling commitments from US advertisers [2] - The robust revenue growth indicates that Netflix's efforts to enhance viewer engagement are yielding positive results [9] Viewership and Competition - Netflix achieved its highest-ever viewership share on US-based smart TVs, averaging 8.6% from July to September, outperforming other paid streaming services [10] - However, Netflix still trails behind YouTube, which had a 13% viewership share, prompting the company to explore video podcasts and attract YouTube creators [11] Subscriber Estimates - Although Netflix no longer discloses subscriber numbers, analysts estimate that the platform has approximately 315 million global members [12]

President Trump signing an executive order meant to keep Tik Tok running in the United States. Vice President JD Vance says the deal values Tik Tok's US business at 14 billion and under the terms a new joint venture company will oversee Tik Tok in America with China based Bite Dance retaining less than a 20% stake. Uh but there's been no indication yet that the Chinese government has made uh the legal changes with the algo and all that necessary for a deal to go through.Joining us uh is our own Aean Jeffs a ...